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Straight Through Processing

CODES OF PRACTICE

The Securities Industry Association copyrights all materials on this site. Reproduction or retransmission of these materials without the express written permission of SIA is prohibited. Readers are urged to consult with their own advisers before taking action based on any information appearing on this website or any website to which it may be linked.

The STP Code of Practice Guidelines outlines the institutional processing goals, describes an evolutionary implementation path from optimizing today's confirm/affirm process to implementation of a future state matching model, and outlines the recommendations for standards, timings and market practices. It is recommended to be read in conjunction with the Business Practices & Matching Implementation User Requirements Document. This document supersedes the individual Code of Practice documents developed for T+1 requirements.

STP Code of Practice Guidelines - September 26, 2003 - pdf 5.0

The following Code of Practice documents were developed based on T+1 requirements. They have been superseded with the STP Code of Practice Guidelines and are included below for reference purposes only.

Market Practice (pdf 4.0) as of January 2002

• T+1 Equity (Message Field Templates and Gaps)

Standards (pdf 4.0) as of January 2002

• Sub-Committee Report

• ITPC Model Message Standards Matrix

Business Practice (pdf 4.0) as of January 2002

• T+1 Business Practice (Timings) Guidelines

Conformance (pdf 4.0) as of March 2002

• T+1 Conformance Framework Overview Document

• T+1 Conformance Framework

More Information